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Types of Bankruptcy and Chapters of Bankruptcy
The Bankruptcy Code is divided into 2 Types, and 5 Chapters.
The two types are
1) Straight/Liquidation; (Chapter 7 only) and
2) Reorganization/Repayment; (all the rest: Chapters 9, 11, 12, and 13)
The two chapters that usually apply to consumers are Chapter 7, where most or all of your debt is wiped out, and Chapter
13, which involves a repayment plan.
Bankruptcy Glossary
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1701 Scott Avenue Charlotte North Carolina 28203
phone: 704 / 377-0776
fax: 704 / 377-0775
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Do not act or rely upon law-related information in this communication without seeking the advice of an attorney licensed
to practice in the relevant area.
The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.
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